Bitcoin expert explains the cryptocurrency

SAN FRANCISCO (KGO) -- The financial world is all abuzz about cryptocurrency - especially Bitcoin. The digital currency has made some unprecedented gains this year.

It started out around $1,000 and recently has gone as high as $19,000.

RELATED: Everything you need to know about Bitcoin

Jason Les is the director for Riot Blockchain, a company that specializes in Bitcoin. He sat down with ABC7 News to break it all down.

If you're interested in doing more research on Bitcoin, Les recommends the following websites:

www.youtube.com/user/aantonop

lopp.net/bitcoin.html

Watch the video player above for Les' explanation on why this is a good investment.

Click here for a look at our past coverage on Bitcoin.